Global Automotive Catalyst Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx million over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.8% during the forecast period that is 2017-2025. The automotive catalyst is utilized in the exhaust system of vehicles to control the emission of hazardous gases, such as hydrocarbons, carbon oxides, nitrogen oxides, and others into the atmosphere. It helps to convert hazardous gases into less harmful gases such as nitrogen and carbon dioxide. Platinum, palladium, rhodium, and others are some of the rare and expensive metals that are used as catalysts in automobiles, which increases the cost of the automotive catalyst. However, manufacturers are shifting towards adopting nanotechnology to allow them utilization of expensive metals efficiently.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global automotive catalyst market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive catalyst market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

Market Dynamics

Automotive Catalyst Market was valued USD 12,102.0 million in the year 2017, and is growing at CAGR of 4.8% during the analysis period. Growth of this market can be attributed to the increase in usage of automotive catalysts in developing economies. In addition, rising disposable income in developing regions is also expected to boost the growth of the automotive catalyst market. Furthermore, tighter legislation on automotive emission is also one of the major factors anticipated to boost the growth of the automotive catalyst market. However, growth of electric vehicles is one of the significant factors expected to hamper the market growth during the forecast period. Conversely, increased focus on emission standards in developing countries, to provide lucrative growth opportunities for the market during the projection period.

In order to stay competitive, companies operating in the automotive catalyst market have adopted numerous strategies such as product launch, business expansion, product development and acquisition to strengthen their market shares and reinforce their geographical presence, globally. These companies are engaged in research and development (R&D) activities to develop new products that allow companies to serve more and more end-use industries. For instance, in December 2017, BASF has expanded its mobile emission catalysts manufacturing site in Ṥroda Ṥl¹ska, Poland. This expansion has increased the manufacturing site by 14,000 square meters and also includes the addition of new production lines. Additionally, in September 2016, Umicore has increased its production capacity in the newly commissioned plant in Poland. The introduction of new emission norms in Europe requires a range of ever more advanced products such as selective catalytic reduction (SCR) and advanced three-way catalysts.

Segment Analysis                                                                                                

On The Basis Of Type, the market is bifurcated into platinum, palladium and rhodium. By type, palladium is expected to hold the largest share in the type segment of the automotive catalyst market. The utilization of palladium as an automotive catalyst has grown in importance in recent years owing to factors, such as increase in automotive sales and rising regulations for emissions.

On The Basis Of Vehicle Type, the automotive catalyst market is bifurcated into light-duty vehicles, and heavy-duty vehicles. The light-duty vehicle segment is anticipated to be the largest application of the automotive catalyst market. There has been considerable growth in the fuel economy standards implemented for light-duty vehicles during the past years. This factor has led to greater usage of automotive catalysts in this segment.

Regional Analysis

The global automotive catalyst market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia-Pacific is expected to be the largest market for automotive catalysts in 2018 in terms of volume. It is also anticipated to continue its dominance during the forecast period, as growing awareness about automotive catalysts is anticipated to propel the automotive catalyst market during the projection period. The automotive catalyst market in the Asia-Pacific region is estimated to grow at the highest growth rate during the analysis period, in terms of value and volume. The rising demand for vehicles in the Asia Pacific region is expected to propel the automotive catalyst market. Increasing focuses on low vehicle emissions as well as a rise in disposable incomes of consumers are anticipated to drive the automotive catalyst market during the projection period.

Global Automotive Catalyst Market Size, Share Analysis, By Region 2017

Global Automotive Catalyst Market Study Objective

1. To forecast the market size of automotive catalyst market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of automotive catalyst market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of automotive catalyst market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of automotive catalyst market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the automotive catalyst market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

 Key Players

Key players of automotive catalyst market are Umicore, BASF, Johnson Matthey, Cataler, Clariant, CDTI Advanced Materials, Cummins, Heraeus, Interkat, and Tenneco. The other players in the value chain of automotive catalyst market include Ibiden, Ne Chemcat, Sinocat, Magnetti Marelli, Bosal, NG Clark, CRI Catalyst, and Ecocat.

Global Automotive Catalyst Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.